Merriman Curhan Ford initiates Buy. Firm is saying that the co is expanding into new market segments using lower-price point products. The firm says gross margins of 50+% and operating margins of 20+% make this a compelling way to play new legislative initiatives aimed at bolstering security at land-borders, chemical and nuclear plants, and seaports. The firm notes FLIR is off more than 30% from its 52-week high of $36.36, due to the co's recent uneven earnings performance stemming from government sales. It's their opinion that the co's more diversified product portfolio will soon mitigate this factor.